nitin suvarna (C.A FINAL) (828 Points)
22 August 2012hi friends,
i had a query in regards to contribution of certain amount towards unrecognised P.F by the employer ,whether on actual payment the contribution is allowable under the Income tax act ??If yes,under which section it is allowable??
According to me it is not allowable,share your views,asap.....
regards,
nitin
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 22 August 2012
payment to unrecognized provident fund............................
for employess, no deduction
for employer no deduction as payment to pf , but they can add the same to salary
Mayuri Mehta
(Senior Manager)
(38 Points)
Replied 22 August 2012
nope any payment to an unrecognised pf is not allowed as a deduction as per income tax act...
CAclubindia
